Darden Wealth Group Inc Buys 728 Shares of Celestica, Inc. $CLS

Darden Wealth Group Inc increased its holdings in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 14.6% during the second quarter, Holdings Channel.com reports. The firm owned 5,703 shares of the technology company’s stock after acquiring an additional 728 shares during the quarter. Darden Wealth Group Inc’s holdings in Celestica were worth $890,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in CLS. Vanguard Group Inc. boosted its holdings in Celestica by 0.8% in the first quarter. Vanguard Group Inc. now owns 4,514,605 shares of the technology company’s stock valued at $356,135,000 after acquiring an additional 35,690 shares in the last quarter. Voya Investment Management LLC lifted its position in Celestica by 362.8% in the 1st quarter. Voya Investment Management LLC now owns 1,854,085 shares of the technology company’s stock valued at $146,122,000 after acquiring an additional 1,453,473 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Celestica by 1.5% during the first quarter. Royal Bank of Canada now owns 1,280,563 shares of the technology company’s stock valued at $100,922,000 after buying an additional 19,391 shares during the last quarter. Alkeon Capital Management LLC bought a new position in Celestica during the first quarter valued at approximately $96,936,000. Finally, BNP Paribas Financial Markets increased its position in Celestica by 79.3% during the first quarter. BNP Paribas Financial Markets now owns 991,776 shares of the technology company’s stock valued at $78,162,000 after acquiring an additional 438,762 shares during the last quarter. Institutional investors own 67.38% of the company’s stock.

Analyst Ratings Changes

CLS has been the topic of several analyst reports. CICC Research began coverage on shares of Celestica in a report on Tuesday, August 19th. They set an “outperform” rating on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Celestica in a research report on Friday. The Goldman Sachs Group started coverage on Celestica in a research report on Thursday, October 16th. They set a “buy” rating and a $340.00 target price for the company. TD Cowen reissued a “hold” rating and set a $238.00 price target on shares of Celestica in a research report on Friday, October 3rd. Finally, UBS Group restated a “neutral” rating and set a $208.00 target price (up from $101.00) on shares of Celestica in a research note on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $249.36.

Celestica Trading Up 5.0%

Shares of Celestica stock opened at $296.76 on Friday. Celestica, Inc. has a twelve month low of $58.05 and a twelve month high of $300.75. The firm’s 50-day moving average price is $238.39 and its 200 day moving average price is $170.37. The company has a current ratio of 1.44, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $34.14 billion, a PE ratio of 64.23 and a beta of 1.88.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings results on Monday, July 28th. The technology company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.16. Celestica had a net margin of 5.11% and a return on equity of 28.23%. The firm had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.65 billion. During the same period last year, the firm posted $0.91 earnings per share. The company’s revenue for the quarter was up 21.0% on a year-over-year basis. Celestica has set its Q3 2025 guidance at 1.370-1.530 EPS. FY 2025 guidance at 5.500-5.500 EPS. On average, sell-side analysts predict that Celestica, Inc. will post 4.35 EPS for the current fiscal year.

Celestica Company Profile

Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.